Morocco's New Government Sets Growth Targets
In a significant move towards economic development, Morocco's new government, led by Prime Minister Fatima Ezzahra El Mansouri, has unveiled an ambitious plan aimed at achieving an annual economic growth rate of 5% between the years 2027 and 2031. This target marks an increase from the expected growth rate of 4.7% for the current year. During a recent parliamentary session, El Mansouri outlined the broad objectives of the government's economic program, emphasizing the importance of maintaining a fiscal deficit below 3% of the country’s GDP. The Prime Minister's appointment follows her party's victory in the parliamentary elections held on September 23, 2026, where they secured the most seats.
Strategies for Economic Stability and Growth
El Mansouri highlighted the government's commitment to controlling inflation, aiming to keep it at 2% to safeguard purchasing power and ensure economic stability. The strategy includes expanding the tax base, reforming income tax structures, increasing direct social assistance for low-income households, reducing food prices, and ramping up private investments to constitute two-thirds of total investments in the country. Furthermore, the government has set a goal to decrease public debt to approximately 62% of GDP by 2031, demonstrating a proactive approach to fiscal responsibility. El Mansouri also stressed the necessity of enhancing the efficiency of public enterprises while addressing corruption and conflicts of interest to restore public trust in governmental institutions.
Amidst these economic plans, the government is under pressure to tackle pressing issues related to youth unemployment, education, and healthcare services. These social grievances have previously fueled protests and unrest among the younger population. In response, El Mansouri indicated that promoting youth employment and entrepreneurship, along with improving vocational training and healthcare services, are among the administration's key priorities. As Morocco moves forward under the leadership of its first female Prime Minister, the nation stands at a pivotal moment, with hopes that these initiatives will foster a more prosperous and equitable future for all Moroccans.
As reported by reuters.com.
